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Dec 6, 2012
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cliff which would trigger tax cuts and spending increases unless taxes increase on the top two percent of wage earnings. >> i want you you to understand when it comes to raising taxes on the wealthy. if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthy. >> all right. it appears the very definition of the american dream is now being rewritten by president barack obama. now, today our commander-in-chief publicly said he's not going to play games with the fiscal cliff, but that is just not reality. right now the president is playing a very dangerous game of chicken and this is with your paycheck and the american dream. meanwhile, the republicans have allowed themselves to get caught in a circular firing squad. they're negotiating publicly among themselves while true conservatives and tea party members are being removed from key committees. today speaker john boehner adopted the president's class wawarfare rhetoric. shocki
cliff which would trigger tax cuts and spending increases unless taxes increase on the top two percent of wage earnings. >> i want you you to understand when it comes to raising taxes on the wealthy. if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthy. >> all right. it appears the very definition of the...
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Dec 12, 2012
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COM
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i don't want to talk about the fiscal cliff and you don't want to hear about it. for the next 20 days, all pundit are contractually obligated to talk budgetary policy and you the viewer are obligated to listen. check your cable contract. (laughter) it's right below the part where come cast gets your kidneys. they'll be there to pick them up tomorrow between the hours of 9:00 a.m. and 6:00 p.m. wear something loose. (laughter) if the parties here cannot agree to a budget deal by january 1, automatic spending cuts will kick in and plunge america into a second recession things are not looking too good. >> in washington, a fly in the ointment. debt deal negotiations have stalled. >> the fiscal cliff stalemate remains. >> the standoff continues. there isn't a lot of reason for hope. >> democrats and republicans are blaming each other for the stalled negotiations. >> who's going to blink sglirs what's going to blink first. >> the white house is daring republicans literally to blink. (laughter) >> stephen: obama is daring republicans literally to blink. well, the joke's
i don't want to talk about the fiscal cliff and you don't want to hear about it. for the next 20 days, all pundit are contractually obligated to talk budgetary policy and you the viewer are obligated to listen. check your cable contract. (laughter) it's right below the part where come cast gets your kidneys. they'll be there to pick them up tomorrow between the hours of 9:00 a.m. and 6:00 p.m. wear something loose. (laughter) if the parties here cannot agree to a budget deal by january 1,...
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Dec 5, 2012
12/12
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>> reporter: and brian, tonight, the white house is preparing in case the country does go over that fiscal cliff, budget officials have asked all federal agencies for information that they need in case of possible plans in case of those automatic spending cuts that could go in place in just 27 days. >> peter alexander at the white house for us tonight. thank you. >>> and up next, the loss today of a legend in american music. i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again in a heartbeat. [ laughs ] ♪ ♪ i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung function starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. with symbicort, today i'm breathing better. and that means...fish on! symbicort is for copd including chronic b
>> reporter: and brian, tonight, the white house is preparing in case the country does go over that fiscal cliff, budget officials have asked all federal agencies for information that they need in case of possible plans in case of those automatic spending cuts that could go in place in just 27 days. >> peter alexander at the white house for us tonight. thank you. >>> and up next, the loss today of a legend in american music. i put away money. i was 21, so i said, "hmm,...
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Dec 10, 2012
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. >>> house speaker john boehner and president obama met sunday to discuss the fiscal cliff. republicans and democrats have been deadlocked on how to stop tax hikes and spending cuts that are set to kick in at the beginning of the year. >>> dallas cowboys defensive lineman josh brent has been released from jail after posting half a million dollars bail. he is being charged in the death of his teammate and close friend jerry brown. police say he was drunk awhen h wrecked the car that killed brown. >>> morsi rescinded much of the de krch decree. a disputed draft of the constitution for the country. >>> mandy drew is at the new york stock exchange. good morning to you, mandy. >> good morning, natalie. lots of headwind from overseas, political shakeup in italy and sharply slowing down chinese export growth, keeping u.s. traders on edge not to mention the vagaries of the fiscal cliff. markets move with progress or lack of progress as the case may be. the congressional budget office says we could be back in recession the first half of next year if a deal is not reached. those are t
. >>> house speaker john boehner and president obama met sunday to discuss the fiscal cliff. republicans and democrats have been deadlocked on how to stop tax hikes and spending cuts that are set to kick in at the beginning of the year. >>> dallas cowboys defensive lineman josh brent has been released from jail after posting half a million dollars bail. he is being charged in the death of his teammate and close friend jerry brown. police say he was drunk awhen h wrecked the...
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Dec 8, 2012
12/12
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known as the fiscal cliff. despite a call between president obama and john boehner, the two sides appear to be no closer to a compromise. are republicans working on the scenes on a plan b? wall street journal columnist, dan henninger and kim strassel. you have bean working the phones, is there something going on between speaker boehner and the president? >> no, i think that they are nowhere and it's because the president is refusing to budge at all on the top toks ratestopx rates and we'll go off the cliff if the republicans don't acreed to that demand. so we're still at a stand still. >> paul: kim, why is the president so insistent on increasing tax rates? boehner has already put on the table a comparable amount of money to be gained from putting a cap on deductions, about 800 billion over ten years, so such a-- >> look, paul, two reasons. first is ideological. his partisans, his liberal base believe this is somehow a symbol of winning the tax fight and you can only do that by raising the rates on the wealthy
known as the fiscal cliff. despite a call between president obama and john boehner, the two sides appear to be no closer to a compromise. are republicans working on the scenes on a plan b? wall street journal columnist, dan henninger and kim strassel. you have bean working the phones, is there something going on between speaker boehner and the president? >> no, i think that they are nowhere and it's because the president is refusing to budge at all on the top toks ratestopx rates and...
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Dec 7, 2012
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cliff." top economists showed up at the capital today for further talks about the impact of tax increases and government spending cuts on the middle class. from a home in virginia president obama sat with a middle class family he says will be hit hard if congress doesn't extend middle class tax cuts. >> for them to be burden unthis isly because democrats and republicans aren't coming together to solve this problem gives you a sense of the costs involved in very personal terms. >> republicans are standing behind their counter-offer to close tax loopholes and limit some deductions. they say the president needs to deliver a new plan they can agree on before the january 1 deadline. >>> stocks inched up as investors kept and eye on washington. the dow was up around 40, nasdaq up 16, s&p saw a 5 point increase. >>> the dungeness crab season has hit a snag. local crabbers are refusing to fish for the northern california delicacy after a new price fight with the wholesalers. the cbs 5 reporter anne m
cliff." top economists showed up at the capital today for further talks about the impact of tax increases and government spending cuts on the middle class. from a home in virginia president obama sat with a middle class family he says will be hit hard if congress doesn't extend middle class tax cuts. >> for them to be burden unthis isly because democrats and republicans aren't coming together to solve this problem gives you a sense of the costs involved in very personal terms....
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Dec 6, 2012
12/12
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WBAL
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as you well know, we face the fiscal cliff, a series of tax hikes and spending cuts that many people think if they go into effect will put the country into recession. yet we heard the treasury secretary tim geithner say the president is willing to see the country go off the fiscal cliff if republicans do not accede to his demands. >> it's probably pretty real. but you can't get to where we need to go by cutting spending, that won't cut it. you're going to destroy a fragile economy. you can't get there by taxing your way into it and you can't grow your way out of this. you have to have a blend. when you have leaders of parties and people from the administration saying i think it will be to the advantage of the democrats to go off the cliff or i think it will be advantage to the republicans to go off the cliff or the president to go off the cliff, that's like betting your country. there's stupidity involved in that. this is big-time stuff. >> let me ask you about a report that some republicans now are perhaps willing to see the tax rates rise to some degree on top earners in exchange f
as you well know, we face the fiscal cliff, a series of tax hikes and spending cuts that many people think if they go into effect will put the country into recession. yet we heard the treasury secretary tim geithner say the president is willing to see the country go off the fiscal cliff if republicans do not accede to his demands. >> it's probably pretty real. but you can't get to where we need to go by cutting spending, that won't cut it. you're going to destroy a fragile economy. you...
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Dec 6, 2012
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less than a month remains for lawmaker to reach a deal before the fiscal cliff deadline. the whitehouse open sists tax rates must rise on higher incomes in order to balance spending cuts but republican leadership remains committed to extending the bush tax cuts for all a tax bracket. brainer offer his response to the president. in an interview with julianna goldman of bloomberg news obama called the boehner plan quote out of balance. >> i think that we have the potential of getting a deal done, but it's going to require what i talked about during the campaign which is a balanced responsible approach to deficit reduction that can help give businesses certainty and make sure that the country grows. and unfortunately the speaker's proposal right now is still out of balance. he talks for example about $800 billion worth of revenues but he says he's going to do that by lowering rates. when you look at the math, it doesn't work. >> rose: and here is the president talking about why it's essential for him that there be tax increases for the most wealthy among us. >> i don't think
less than a month remains for lawmaker to reach a deal before the fiscal cliff deadline. the whitehouse open sists tax rates must rise on higher incomes in order to balance spending cuts but republican leadership remains committed to extending the bush tax cuts for all a tax bracket. brainer offer his response to the president. in an interview with julianna goldman of bloomberg news obama called the boehner plan quote out of balance. >> i think that we have the potential of getting a deal...
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Dec 11, 2012
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KGO
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if the nation heads over the fiscal cliff. >> consumer spending will go down. that means you've got less customers. businesses get fewer profits. they hire fewer workers. you go on a downward spiral. >> reporter: the president met with house speaker john boehner at the white house. their face-to-face meeting in three weeks. neither side would offer any details from the discussion, which may be a good sign of modest progress. but a spokesman for the republican leader said boehner did not back down. his offer to the white house last week is still the gop's position in the fiscal cliff talks. that plan offers a total of $2.2 trillion in deficit reduction over the next decade, including $800 billion in new tax revenue, but no increases on the top 2% of taxpayers. that's where the stalemate seems to be centered. president obama insists taxes on the wealthy must go up. >> but when they start making a million or 10 million or 20 million, you can afford to pay a little more. >> reporter: several republicans indicated that's a concession they're willing to make. >> will
if the nation heads over the fiscal cliff. >> consumer spending will go down. that means you've got less customers. businesses get fewer profits. they hire fewer workers. you go on a downward spiral. >> reporter: the president met with house speaker john boehner at the white house. their face-to-face meeting in three weeks. neither side would offer any details from the discussion, which may be a good sign of modest progress. but a spokesman for the republican leader said boehner did...
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taxes and not spending cuts in averting the fiscal cliff. >> the facts are that at this point the 39.6% does produce the revenue. the differentiation between the 39 pin 6% and the 28% that the president has for limitation or deductions creates a great deal of money as well. >> one conservative commentator suggested the out come of the fiscal talks won't be the end of the world. >> we will have taxes which are roughly the same as they were underon. we did fine in that. we will do fine. >> the question is whether these negotiations will lead to making other tough choices such as washington getting a handle on the growth of government. if not the european example seems to suggest huge fiscal trouble coming to our shores as well. mike emmanuel, fox news. >>> here is a doozie of a story. a baby mix up at a minneapolis hospital results in a new mother breastfeeding another woman's baby. i told you it was a doozie. the woman given the wrong infant realized that something was not right. >> when they brought cody she thought to herself it didn't look like her other baby. but her husband reassure
taxes and not spending cuts in averting the fiscal cliff. >> the facts are that at this point the 39.6% does produce the revenue. the differentiation between the 39 pin 6% and the 28% that the president has for limitation or deductions creates a great deal of money as well. >> one conservative commentator suggested the out come of the fiscal talks won't be the end of the world. >> we will have taxes which are roughly the same as they were underon. we did fine in that. we will...
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Dec 10, 2012
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this thing we call the fiscal cliff is a law that republicans voted for and that the president steered them to vote for. and strategically, he was victorious in that. the theory of this thing was, no one wants it to happen. no one wants anything in this bill to happen. the rates to go up or all the spending cuts. but it turns out that the democrats and the president like more of what would happen on january 1 than republicans. >> do you know who agrees with you? rick santorum. i spoke to him on press pass and this is what he said. and newt gingrich, you respond after you hear this. >> the greatest leverage he has is that he put together a deal with the republicans over a year ago that gives him pretty much what he wants. which is a dramatic -- which is taxes back to the pre-bush rates. so it gets all the tax increases. and he can blame the ones that are not popular on republicans for not negotiating. he gets something that he'll never get in a negotiation. >> the rest of that conversation online, by the way, with rick santorum. newt gingrich? is that why the president and geithner are
this thing we call the fiscal cliff is a law that republicans voted for and that the president steered them to vote for. and strategically, he was victorious in that. the theory of this thing was, no one wants it to happen. no one wants anything in this bill to happen. the rates to go up or all the spending cuts. but it turns out that the democrats and the president like more of what would happen on january 1 than republicans. >> do you know who agrees with you? rick santorum. i spoke to...
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cliff negotiations for some stimulus spending doesn't hurricane sandy prove that we need it here's an opportunity to. take this we have a stimulus every year of warden a trillion dollars in deficit spending at this point the president obama is like a doctor running a thousand votes with a patient who is not recovery yes there's an argument for spending more to help the people who were damaged when the federal weather service didn't warn them about the incoming storm but the larger point is this country has been following that policy for so long that we are near because if we didn't come you know didn't warn them about it and the wheels are coming off because since the reagan administration we have not. spending money on infrastructure in the united states look around you most of the infrastructure was built in the fifty's sixty's seventy's and early eighty's and then we've. been spending on government run health we're going to have star wars four trillion dollars is not to blame for what's actually happening in new york because of the storms right now and the money that it's not about
cliff negotiations for some stimulus spending doesn't hurricane sandy prove that we need it here's an opportunity to. take this we have a stimulus every year of warden a trillion dollars in deficit spending at this point the president obama is like a doctor running a thousand votes with a patient who is not recovery yes there's an argument for spending more to help the people who were damaged when the federal weather service didn't warn them about the incoming storm but the larger point is this...
WHUT (Howard University Television)
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Dec 9, 2012
12/12
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the fiscal cliff, a combination of tax increases and spending cuts. right now there is a political standoff, which the head of the imf, christine largarde, has a duty to stop. >> the fiscal cliff -- when you talk to people around the world, how concerned are they about the ramifications of americans going over this cliff? >> people around the world are concerned about it. it used to be the case that they were more concerned about the eurozone than the fiscal cliff. now things have changed. they often ask about it and its resolution. >> what do you think the impact could be globally? we're looking at a time when the global recovery is fragile at best. >> the u.s. is about 20% of the global economy. if the u.s. suffers as a result of the fiscal cliff, a complete wiping out of its growth, it is going to have repercussions around the world. if the u.s. economy has two% less growth, it will probably be a 1% less growth in mexico, canada, in europe, and japan. there will be ripple effects. >> are you worried about this? >> yes. of course i worry about it. t
the fiscal cliff, a combination of tax increases and spending cuts. right now there is a political standoff, which the head of the imf, christine largarde, has a duty to stop. >> the fiscal cliff -- when you talk to people around the world, how concerned are they about the ramifications of americans going over this cliff? >> people around the world are concerned about it. it used to be the case that they were more concerned about the eurozone than the fiscal cliff. now things have...
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about the fiscal cliff the bottom line is the media is milking the crowd out of the phrase while realistically nothing drastic is probably going to happen. in days on its way to making what it sees as being one of the biggest leaps in medicine and one of times is developing a one dollar vaccine for a baby in a disease which could help prevent many thousands of deaths. this is india's genome valley inside these quiet sterile labs there's a revolution taking place that could change the world's approach to public health and potentially save the lives of one hundred thousand indian children every year bharath biotech is an indian firm developing a one dollar vaccine against rotavirus a disease which causes diarrhea in infants and is deadly in the developing world but i think also like a new generation of diplomats like us ok money making is also important but them solving the life saving those life or two hundred thousand children's also but a critical a new study shows india is leading the way in treating people in remote areas in battling diseases which are shunned by the big pharmaceutical comp
about the fiscal cliff the bottom line is the media is milking the crowd out of the phrase while realistically nothing drastic is probably going to happen. in days on its way to making what it sees as being one of the biggest leaps in medicine and one of times is developing a one dollar vaccine for a baby in a disease which could help prevent many thousands of deaths. this is india's genome valley inside these quiet sterile labs there's a revolution taking place that could change the world's...
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it's 10:00 on the east coast and we begin with brooking news on the looming fiscal cliff. for the past few nights we've been telling you about the frustrating lack of progress to avert a deal on automatic tax hikes and spending cuts that kick in less than four weeks from now. poll after poll shows the american people want compromise but there weren't many signs that was going to happen, nothing was getting done. in a cnn/crc poll, 67% said washington officials would behave like spoiled children in the fiscal cliff discussions. only 28% said they would behave like adults. tonight signs that maybe some adult behavior might be prevail and a compromise might be reached. jessica yellen joins us, dana bash and david gergen. what's the latest? >> reporter: they are a long way from a deal, but late today speaker boehner and president obama did speak to one another on the phone. now, this is an important development because it's the first time they've talked in a week about the fiscal cliff. i am told, though, that there was no real progress in negotiations. in this sense there was
it's 10:00 on the east coast and we begin with brooking news on the looming fiscal cliff. for the past few nights we've been telling you about the frustrating lack of progress to avert a deal on automatic tax hikes and spending cuts that kick in less than four weeks from now. poll after poll shows the american people want compromise but there weren't many signs that was going to happen, nothing was getting done. in a cnn/crc poll, 67% said washington officials would behave like spoiled children...
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Dec 12, 2012
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that is of high importance in solving the fiscal cliff negotiations and in a longer term way bringing the country to a sustainable fiscal course. what specific changes to medicare or medicaid would you be willing to imbraes today right new that would slow the growth in our medical spenting? >> i'm not going to debate the specifics on television. i think that what the president is doing, is clear that he has indicated that we have to raise the tax rate. the tax rates, bush tax cuts, was temporary in nature. >> that's not what i asked. i asked what specific would you be willing to do to address what is clearly the number one thing that is going to blow the hole in not only the economy but federal spending, federal budget over the next generation. >> what we have to do is negotiate. everything should be on the table. i think the president indicated that everything would be on the table. the president indicated he is ready to talk about entitlements, et cetera. the other side said we can cannot raise tax hikes at all. we have to make sure that everything is on the table. if everything is
that is of high importance in solving the fiscal cliff negotiations and in a longer term way bringing the country to a sustainable fiscal course. what specific changes to medicare or medicaid would you be willing to imbraes today right new that would slow the growth in our medical spenting? >> i'm not going to debate the specifics on television. i think that what the president is doing, is clear that he has indicated that we have to raise the tax rate. the tax rates, bush tax cuts, was...
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Dec 5, 2012
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cliff. a series of tax increases and spending cuts due to kick in at the end the year. >> god bless us, everyone. >> reporter: speaker boehner offered the republican proposal this week and now he faces opposition from president obama. >> the speaker's proposal is out of balance. >> reporter: some in his own party are lining up against him. jim demint a tea party leader said speaker boehner's $800 billion tax hike will destroy american jobs and allow politicians in washington to spend even more. disagreements among republicans and democrats here on capitol hill is nothing new, but tuesday a republican aide told us the two sides aren't even talking. not surprisingly the white house disagrees. >> i can guarantee you conversations continue at different levels. and among different groups. >> reporter: both parties are ready to play the blame game in case negotiations fail. >> there's only one person out of 370 million americans who can sign something into law and that's the president. >> 60% of a
cliff. a series of tax increases and spending cuts due to kick in at the end the year. >> god bless us, everyone. >> reporter: speaker boehner offered the republican proposal this week and now he faces opposition from president obama. >> the speaker's proposal is out of balance. >> reporter: some in his own party are lining up against him. jim demint a tea party leader said speaker boehner's $800 billion tax hike will destroy american jobs and allow politicians in...
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cliff it's a set of spending rises and tax cuts that are set to take effect on the first of january and could be ruinous to the economy but does the average american fear the looming june artie's new yorker resident try to find out. america is about to go over the fiscal cliff are you worried what should we do about it this week let's talk about that do you know the fiscal cliff. do you think a lot of americans do you know so then why is the media talking about it incessantly well so go there i guess i'm not as informed as i should be but i just kind of figure it might work out do you think most people feel that way you know you think most people are worried i think they are and i think that if i ignore it all go away do you think calling it something like the fiscal cliff minimizes it yes or no i definitely agree that it's a complex problem i don't think it simplifies it though i think it adds an element of panic or fear looming. doom and the media loves that yeah i do think there's actually something to worry about or do you think it's something the politicians and the media used
cliff it's a set of spending rises and tax cuts that are set to take effect on the first of january and could be ruinous to the economy but does the average american fear the looming june artie's new yorker resident try to find out. america is about to go over the fiscal cliff are you worried what should we do about it this week let's talk about that do you know the fiscal cliff. do you think a lot of americans do you know so then why is the media talking about it incessantly well so go there i...
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of course, if we fall off the fiscal cliff, we'll all die, right? actually, taxes will go up for pretty much everybody and automatic spending cuts kick in on knew year's day. the president and the house speaker met face-to-face just yesterday for the first time since the election, but are they talking about it? no. today an aide said the speaker is willing and still waiting for counteroffer from the president. ed henry is live at the white house. i don't know, ed. a meeting happens and nobody says anything. this could be seen as something more good than bad. >> reporter: exactly. because they didn't come out of the meeting beating each other up and saying i'm never going to sign a deal with the other guy. the fact that they're keeping this quiet, hush hush for now in terms of the details of what they discussed suggests that they're hopeful of a deal, although i have to tell you. the president sounded pretty optimistic when he was in michigan about the possibility of us going off the cliff and falling into a second recession. here's what he had to sa
of course, if we fall off the fiscal cliff, we'll all die, right? actually, taxes will go up for pretty much everybody and automatic spending cuts kick in on knew year's day. the president and the house speaker met face-to-face just yesterday for the first time since the election, but are they talking about it? no. today an aide said the speaker is willing and still waiting for counteroffer from the president. ed henry is live at the white house. i don't know, ed. a meeting happens and nobody...
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twenty-six days until we fall off the fiscal cliff. is that what democrats want us to do? pictures seem so. we go live to capitol hill in 10 minutes. while congress talked about wanting to cut excess spending, the numbers may tell a different story. i will break it down coming up next. ally bank. why they have a raise your rate cd tonight our guest, thomas sargent. nobel laureate in econocs, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise ur rate cd. ally bank. your money needs an ally. gerri: where would we be without senator tom coburn? without the oklahoma taxpayer dollars? this fellow brought us this image. your member this? the shrimp on on the treadmill. does anyone have? @%e national science foundation studying the effects on disease. they decided to do this, and they spend 500,000 taxpayer dollars doing this study. if you can get scientists to waste money, the senator is back with another study. this time uncovering waste of the departm
twenty-six days until we fall off the fiscal cliff. is that what democrats want us to do? pictures seem so. we go live to capitol hill in 10 minutes. while congress talked about wanting to cut excess spending, the numbers may tell a different story. i will break it down coming up next. ally bank. why they have a raise your rate cd tonight our guest, thomas sargent. nobel laureate in econocs, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will...
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Dec 10, 2012
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MSNBC
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why aren't you for going over the fiscal cliff? i heard you yesterday saying it would be catastrophic, but let me read you estimates. we go over the cliff, we suddenly have -- we're basically taking in as much money as we're spending over a five-year period. yes, the economy is in bad shape in 2013 but by 2018 we'd have a debt to gdp ratio of 1.1%. isn't this simpson-bowles on steroids? >> you know, it's no different than what happened over in the uk, in my opinion. they had a similar proposal to what we proposed with dollar revenue and $3 worth of spending cuts. they had a cost benefit analysis they did on all the spending programs, they raised the retirement age. they slowed the rate of growth of health care and they tried to get to balance in four or five years. and we thought at the time the debt was too much too quick that amount of austerity would really, you know, lead to a recession. that's why we had as our number one priority in our program that we didn't want to do anything to disrupt a very fragile economic recovery, so
why aren't you for going over the fiscal cliff? i heard you yesterday saying it would be catastrophic, but let me read you estimates. we go over the cliff, we suddenly have -- we're basically taking in as much money as we're spending over a five-year period. yes, the economy is in bad shape in 2013 but by 2018 we'd have a debt to gdp ratio of 1.1%. isn't this simpson-bowles on steroids? >> you know, it's no different than what happened over in the uk, in my opinion. they had a similar...
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cliff." across-the-board spending cuts and tax increases as we all know will kick in if a budget agreement isn't reached by the end of the month. the president also met with ceos of some of the nation's largest companies hoping to convince them of the need for higher tax rates at upper income levels. >> we're not insisting on rates just out of spite or out of any kind of partisan bickering but, rather, because we need to raise a certain amount of money. >> house majority leader eric cantor says more needs to be done about spending right now. >>> meanwhile, public policy polling conducted an unusual survey to test american knowledge about debt reduction policy. people were asked what they thought of the panetta burns planning, something that doesn't even exist. one-fourth of the people took a stance on it anyway. 8% are in support by golly. 17% opposed. >> that's right. it's important to do research. >> absolutely. >> do your homework. >>> apple stock is coming off one of its worst sections on
cliff." across-the-board spending cuts and tax increases as we all know will kick in if a budget agreement isn't reached by the end of the month. the president also met with ceos of some of the nation's largest companies hoping to convince them of the need for higher tax rates at upper income levels. >> we're not insisting on rates just out of spite or out of any kind of partisan bickering but, rather, because we need to raise a certain amount of money. >> house majority leader...
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dollar now threatening that we will go over the fiscal cliff. there's such a huge disconnect here, there's no backlash really about that, but there's backlash against ceo's speaking out. stuart: i can see that it. you're right, charles, take a victory lap. they've backed off. charles: this is not the kind of thing that you want a victory lap on. it's scary and i first thing you see is 2012 communities service report and the next thing on sustainability and another piece, 100 best companies to work for. you wouldn't know it's a restaurant company. these companies are bending over backwards to appease the media and the white house's agenda. stuarr: all right, charles, a victory lap. and everybody we've got two new at ten stories and both cost a whole lot of money of the first, the department of energy spending 120 million dollars for an electric battery research facility. and how this administration's track record on green energy investments is your money by the way. second, fast fooddchains forced to put calorie counts on their menus under obamac
dollar now threatening that we will go over the fiscal cliff. there's such a huge disconnect here, there's no backlash really about that, but there's backlash against ceo's speaking out. stuart: i can see that it. you're right, charles, take a victory lap. they've backed off. charles: this is not the kind of thing that you want a victory lap on. it's scary and i first thing you see is 2012 communities service report and the next thing on sustainability and another piece, 100 best companies to...
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lori: house speaker john boehner today trying to shift the fiscal cliff debate back to, spending. here is what he said earlier today. >> here we are, at the 11th hour and the president still isn't serious about dealing with this issue right here. it's this issue, spending! now you go back, i want to talk about polling, most americans would agree that spending is a much bigger problem than raising taxes. they want us to deal with this, in a responsible way. lori: just shortly after that fox news's ed henry trying to get a comment from the president on the fiscal cliff negotiations about the issue that john boehner just raced about spending cuts or lack thereof. listen to this. >> how are you doing, sir? >> what do you say, i'd? >> great. how do you feel about a deal? optimistic? >> still work in progress. >> speaker boehner says he is waiting to hear more from you, sir? >> merry christmas. lori: what a permagrin. lou dobbs dobbs here with the take. >> good try, ed. he will not give up anything to ed henry he wouldn't first to john boehner. i think john boehner did himself a lot of
lori: house speaker john boehner today trying to shift the fiscal cliff debate back to, spending. here is what he said earlier today. >> here we are, at the 11th hour and the president still isn't serious about dealing with this issue right here. it's this issue, spending! now you go back, i want to talk about polling, most americans would agree that spending is a much bigger problem than raising taxes. they want us to deal with this, in a responsible way. lori: just shortly after that...
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cliff. republicans and democrats keep arguing into the new year. others are worried failure to strike a deal could send the nation back into a recession. >> i think people understand the failure to compromise and going over the cliff could really jeopardize this recovery. the good news today about more people back at work, the unemployment rate coming down, listen, that can be reversed if people lose confidence in our future. >> the number two senate ranked democrat mr. temperature bib argues next week will be critical in terms of president obama and speaker boehner finding a compromise. shep? >> shepard: democrats are still saying what they have said all along and what the president ran on this is about taxes. >> that is true and they note president obama campaigned on upper income americans paying more so they intend to make sure that happens. the house democratic leader says the only obstacle is republicans refusing to ask the top 2% to pay more. >> this is a moment of truth. the clock is
cliff. republicans and democrats keep arguing into the new year. others are worried failure to strike a deal could send the nation back into a recession. >> i think people understand the failure to compromise and going over the cliff could really jeopardize this recovery. the good news today about more people back at work, the unemployment rate coming down, listen, that can be reversed if people lose confidence in our future. >> the number two senate ranked democrat mr. temperature...
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twenty-six days until we fall off the fiscal cliff. is that what democrats want us to do? pictures seem so. we go live to capitol hill in 10 minutes. while ngress talked about wanting to cut excess spending, the nbers may tell a different story. i will break it down coming up next. you stl think you're colder than me? nah. don tell me. tell tiny! [ ice crackling ] [ knuckles cracking ] and who are you supposed to be, back-up? handle it. what you looking at? ha! cat-like reflexes... whoa! [ male announcer ] the coors light silver bullet pint. it's bigger. it's resealable. it's still the coldest. don't you do it. don't you do it! [ male announcer ] frost brewed coors light. gerri: where would we be without senator tom coburn? without the oklahoma taxpayer dollars? this fellow brought us this image. your member this? the shrimp on on the treadmill. does anyone have? @%e national science foundation studying the effects on disease. they decided to do this, and they spend 500,000 taxpayer dollars doing this study. if you can get scieists to ste money, the senator is back with an
twenty-six days until we fall off the fiscal cliff. is that what democrats want us to do? pictures seem so. we go live to capitol hill in 10 minutes. while ngress talked about wanting to cut excess spending, the nbers may tell a different story. i will break it down coming up next. you stl think you're colder than me? nah. don tell me. tell tiny! [ ice crackling ] [ knuckles cracking ] and who are you supposed to be, back-up? handle it. what you looking at? ha! cat-like reflexes... whoa! [ male...
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Dec 13, 2012
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cliff on consumers. jane wells is deking deeper into the consumer story, joining us now from a mall in california. my, how glittery that swelter is, jane. >> you nope what it's like? did you ever see "total recall," where the guy opens up his coat and he's hosting another being in his gut. >> exactly like that. >> you can't really tell, it's lit up. but back to the consumer which is not buying this. walmart's ceo said 15% of his core customers say all this debate over the deficit is inpacts their shopping and, in fact, concerns over the fiscal cliff, awareness of it has skyrocketed since the election. if you remember, last month, when we asked around, hardly anybody even knew what the fiscal cliff was. listen. >> do you know what the fiscal cliff is? >> good question. don't have a good answer for that. >> fiscal clip? >> cliff. >> oh. >> what is the fiscal cliff? >> i have no idea. >> all right, one month later, nearly everyone knows what it is. nearly. >> are you concerned about this so-called fiscal cl
cliff on consumers. jane wells is deking deeper into the consumer story, joining us now from a mall in california. my, how glittery that swelter is, jane. >> you nope what it's like? did you ever see "total recall," where the guy opens up his coat and he's hosting another being in his gut. >> exactly like that. >> you can't really tell, it's lit up. but back to the consumer which is not buying this. walmart's ceo said 15% of his core customers say all this debate...
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. >>> most americans say our leaders will keep us from falling off the fiscal cliff 20 days from now. that's according to a news pal. 51% say president obama and congress will cut a deal to prevent automatic tax hikes and spending cuts. john boehner says he still has serious differences with the president after they exchanged new counteroffers apparently and talked on the phone last night. now some house republicans are vowing to work through the holidays to get the deal done. ed henry is live at the white house. that's a motivator i suppose, lose your christmas. >> normally when there is a holiday like that, you're right. this forces them to come to the table. right now they are still pretty far apart. there was a phone call you last night between the president and the speaker. officials on both sides telling me tonight the call was pretty tense because the bottom line is they are still not finding common ground. you listen to the speaker today, jay carney from the white house podium, they're still saying that they're farther apart on both spending cuts and tax increases. take a list
. >>> most americans say our leaders will keep us from falling off the fiscal cliff 20 days from now. that's according to a news pal. 51% say president obama and congress will cut a deal to prevent automatic tax hikes and spending cuts. john boehner says he still has serious differences with the president after they exchanged new counteroffers apparently and talked on the phone last night. now some house republicans are vowing to work through the holidays to get the deal done. ed henry...
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if taxes go up on middle income people, if that happens because of the fiscal cliff, they will spend less money at the cash register. those people will buy less from fastsigns. melissa: thank you for being here. promise me you will all come back. >> we'll come back. melissa: thank you. >> thank you. melissa: just when you thought there couldn't be anymore bailouts, think again. the federal housing administration is on the verge of collapse and you and i could be stuck with a multibillion-dollar tab. >>> syria's regime loading bombs with sarin gas. is it ready to blow through the u.s.'s so-called red line. details on this story coming up. do you ever have too much "money". [ male nouncer ] where do you turn for legal matters? maybe you want to incorporate a business. orrotect your family with a will or living trust. and you'd like the help of an attorney. at legalzoom a gal plan attorney is available in most states with every personalized document to answer questions. get startedt legalzoom.com today. and now you're protected. melissa: so in case you hadn't heard we could be looking a
if taxes go up on middle income people, if that happens because of the fiscal cliff, they will spend less money at the cash register. those people will buy less from fastsigns. melissa: thank you for being here. promise me you will all come back. >> we'll come back. melissa: thank you. >> thank you. melissa: just when you thought there couldn't be anymore bailouts, think again. the federal housing administration is on the verge of collapse and you and i could be stuck with a...
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revenue to avoid the so-called fiscal cliff we're talking so much b. otherwise we know there will be automatic tax hikes. there are also the spending cuts that kick in starting in january. the pentagon will bear the brunt of the automatic spending cuts. some republicans say mandatory cuts are better than no cuts at all and we should put defense spending on the chopping block to accomplish the long-term goal of reducing the deficit. joining me now oklahoma congressman james langford, his second term in congress. what do you think about that, some suggesting this is in a political article that the republicans are foresee questions tracing if that is the only way to cut the debt and deficit. >> the challenge of it is this is really part sue of the debt ceiling debate we had last summer. we wanted a strategic plan to reduce the spending. the house passed that in may. we had an outlined plan to reduce spending. we had no answer from them. the see questions station wa sequestration was the last report. i haven't been in congress a longtime but i can tell you
revenue to avoid the so-called fiscal cliff we're talking so much b. otherwise we know there will be automatic tax hikes. there are also the spending cuts that kick in starting in january. the pentagon will bear the brunt of the automatic spending cuts. some republicans say mandatory cuts are better than no cuts at all and we should put defense spending on the chopping block to accomplish the long-term goal of reducing the deficit. joining me now oklahoma congressman james langford, his second...
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cliff, and he's clearly not interested at all in cutting any spending. >> reporter: while democrats and republicans debate the size and specifics on tax increases, the two sides also remain apart on spending cuts, reforming entitlement programs like medicare and on the president's request to have greater power to raise the country's debt limit. but the news coming out of this one, "wall street journal" headlines saying that staff members from the president's team and from speaker boehner's team are genre assuming talks. we confirmed as of a couple of hours hag that that wasn't the case, so we're going to check on that right now. david: what they're talking about, we don't know. liz: maybe not dead in the water. david: thank you, rich, appreciate it. liz: we've got good news for all of you last minute shoppers out there coming up in the speed read. david: and up next, first on fox business, tom kloet, ceo of tmx group, a parent of the toronto stock exchange, on the impact of all these regulations coming out of our country. how will they affect businesses in his country? that's coming
cliff, and he's clearly not interested at all in cutting any spending. >> reporter: while democrats and republicans debate the size and specifics on tax increases, the two sides also remain apart on spending cuts, reforming entitlement programs like medicare and on the president's request to have greater power to raise the country's debt limit. but the news coming out of this one, "wall street journal" headlines saying that staff members from the president's team and from...
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Dec 5, 2012
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by now you likely know that the fiscal cliff is a series of spending cuts and expiring tax credits set to take effect in 27 days. today the president made the case to a group of top business leaders. his plan calls for a higher tax rate on earned income exceeding $250,000 and republicans say that would be a job killer. though are pushing for raise revenue by closing tax loopholes and deductions, something that the president says would not raise enough cash. wendell is live with more on the white house. how much much revenue would the president's plan raise by raising the tax rates for high earners? >> about $1 trillion the next 10 years from the rate increase. that is just part of a package that also includes limits on deductions and tax credits and aims to pull in a total of $1.6 trillion. republicans want to keep tax rates the same b end deductions and loopholes but obama says that will not get the job done. >> it is not possible to raise the amount of revenue required for a balance the package if all you rely on is closing deductions and loopholes. let me amend that. it is possible
by now you likely know that the fiscal cliff is a series of spending cuts and expiring tax credits set to take effect in 27 days. today the president made the case to a group of top business leaders. his plan calls for a higher tax rate on earned income exceeding $250,000 and republicans say that would be a job killer. though are pushing for raise revenue by closing tax loopholes and deductions, something that the president says would not raise enough cash. wendell is live with more on the...